Agricultural chemical maker Syngenta on Friday reported a 34per cent fall in first-half net income, showing the impact of U.S. trade disputes with ...
ZURICH: Agricultural chemical maker Syngenta on Friday reported a 34per cent fall in first-half net income, showing the impact of U.S. trade disputes with China and Mexico as well as bad weather in some of its markets.
Chief financial officer Mark Patrick, when asked whether Syngenta faced any legal action relating to week-killing agent glyphosate, said the company had not been named in litigation involving glyphosate.Syngenta sells products based on glyphosate in some markets, but Patrick said U.S. sales have been scaled back."Latin America is a big user of glyphosate, and Syngenta sells that there," he said."We do not sell glyphosate solo in the United States anymore.
"It's across vegetables, obviously tomatoes are a big component of that," Patrick said."Just the economics now with these tariffs has meant it's had impacts on Mexican farmers. It goes to resolution of current trade disputes that are ongoing between the United States and a number of geographies."
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